East African Community (EAC) News

Kigali, Rwanda

East Africa is a Rising Hub: Jad Abbas, Director, The Abraaj Group

Being local is key. Simply put, it helps us to identify great businesses, work in partnership with investee companies, and manage risks. That philosophy has always been core to the investment thesis across each of the markets we work in and Africa is no exception.

East African Community a bright spot amidst emerging markets gloom

East African Community a bright spot amidst emerging markets gloom

While many countries are registering a sharp slippage in economic growth, East African economies, Ethiopia included, are expected to deliver above 6 percent economic growth, the World Bank has said in its latest report.

Volkswagen Polo Vivo

Volkswagen expands Africa strategy with Kenya car assembly plant

Volkswagen continues to drive forward with the regionalization of the global automotive business. The brand is planning to start production of the Polo Vivo in Kenya at the end of 2016.

Lagos, Nigeria

Six things to consider when doing business in Sub-Saharan Africa

Over the past two decades, Sub-Saharan Africa has caught the attention of an increasing number of investors who are looking for new and promising opportunities.

Rita Kavashe, Managing Director, GM East Africa

General Motors East Africa to double truck output on construction boom, says MD

A construction boom in Kenya has fueled a rise in commercial truck sales for market leader General Motors, which is investing $7.9 million in 2016 to upgrade its assembly plant in Nairobi and more than double output, a senior executive said on Thursday.

A resort in Zanzibar, Tanzania

Tourism in Africa: On the rise but has not at its full potential

For the third year running, the African Development Bank (AfDB) has published the Africa Tourism Monitor, an annual report on the tourism industry in Africa.

The African Union meets in Johannesburg, South Africa. Credit: ft.com

Ambitious plans promise surge in African commerce

When the US, Japan and 10 other economies recently sealed the deal on a vast new Pacific Rim trading bloc, they made front page headlines around the world.

Aubrey Hruby, Co-Founder, Africa Expert Network (AXN)

China's slowdown - An opportunity for Africa to address longstanding economic inefficiencies: Aubrey Hruby, Co-Founder, Africa Expert Network

According to the IMF, a 1 percentage point decrease in China’s investment growth is associated with an average 0.6 percentage point decrease in Africa’s export growth rate.

Compelling investment markets in Africa. Credit: sc.com

Compelling investment markets in Africa - Inside Riscura's Bright Africa 2015 Report: Debbie O’Hanlon, Senior Analyst, RisCura (Infographics)

Africa is not a single investment destination with a single set of standardized risk factors and homogenous potential for reward.

Rendering of Le Grand Marche de Libreville, Gabon

The 2015 African Retail Development Index (Infographics, Video & Report): AT Kearney

Africa’s landscape is changing. As economies rise and a shopping culture emerges, the retail opportunity is greater than ever before.

East Africa sees regional power links ready in 3 years

East Africa sees regional power links ready in 3 years

Power lines connecting the east African states of Tanzania, Uganda, Rwanda, Kenya and Ethiopia are expected to be completed within the next three years, helping improve supplies and power trading, a senior Kenyan official said on Thursday.

Supermarket group Choppies wants to have 200 stores by the end of next year

Opportunities multiply as African ventures eye wider horizons

When Choppies opened its first store in Lobatse, a small town in Botswana, its ambition was limited to becoming a retailer of substance in its domestic market.

Egypt expects to export about $5 billion worth of goods over the next five years to fellow members of the Tripartite Free Trade Area (TFTA)

African leaders sign 'Cape to Cairo' free trade bloc deal, the Tripartite Free Trade Area (TFTA)

African leaders signed Wednesday a 26-nation free trade pact to create a common market that would span half the continent from Cairo to Cape Town.

African leaders set to sign 26-country trade deal between the EAC, SADC & COMESA to create $1 trillion market of 625 million people. Credit: imanidevelopment.com

African leaders to sign 26-country trade deal between the EAC, SADC & COMESA to create $1 trillion market of 625 million people

Senior African officials negotiating a trade deal in Egypt to create a common market across half the continent said Monday the pact was ready to be signed.

Kenya’s Konza Techno City, a new tech hub 60km southeast of Nairobi, will be the biggest ICT park in East Africa.

Connected East Africa: Kenya leads, East Africa follows

Earlier this month, the great and the good of the Nairobi ICT sector made their annual pilgrimage to the Kenyan coast to discuss the events of the last year and put in place plans for the next.

The pros and cons of an East African Community (EAC) monetary union

The pros and cons of an East African Community (EAC) monetary union

There has been very vocal interest in regional integration, including monetary integration, in Africa over the decades since independence.

A Kenya Airways jet arrives at Jomo Kenyatta International Airport in Nairobi. Africa’s aviation industry is booming. Photograph: Noor Khamis/Reuters

Africa's aviation industry is booming: Opening up Africa's airspace could make sky the limit (Video)

Glancing around a crowded terminal in Kenya’s Jomo Kenyatta airport, one of the busiest international hubs in Africa, it’s obvious that more passengers are streaming to the continent than ever before.

Nairobi, Kenya

From frontier market to emerging market: Kenya's economic rise

Kenya is moving from a frontier market to an emerging market, and is beginning to attract investment from all over the world. The future of Kenya’s business environment is looking increasingly bright as the national economy continues to grow at an enviable pace.

Barack Obama, President of the United States, at the US-Africa Business Forum in August 2014

U.S. signs trade pledge with East Africa and eyes rest of the continent

The United States and five East African countries pledged on Thursday to ease trade flows and set the stage for more U.S. investment, a program that could be extended to other parts of Africa.

Rwanda Stock Exchange (RSE)

Rwanda Stock Exchange wins prize cross-listing of Kenya's Equity Bank

It might be one of the world’s tiniest stock markets, with only six listed companies, but a seventh addition has just doubled the value of the Rwanda Stock Exchange.

Investing in Africa - Nigeria vs East Africa

Investing in Africa - Nigeria vs East Africa: Malimu Museru, Senior Analyst, RisCura

Nigeria and Kenya frequently feature as the top investment destinations in Africa, with Nigeria being the clear front runner. Investors, however, are starting to view East Africa as a combined investment region that could rival the West African giant, using Kenya as a sturdy stepping stone to the wider East African region.

Nicky Newton-King, CEO, Johannesburg Stock Exchange (JSE)

African Women To Watch: Capital Markets (Video)

Stock markets across Africa have made steady progress across the last decade. Since 2002, Africa’s five leading exchanges have tripled the combined market capitalization of listed companies.

Paul Muthaura, Acting CEO, Kenya's Capital Markets Authority

East Africa Targets Cross-Border Debt Sales to Fund New Railways

The East African Community plans to allow bond sales across four markets in the bloc as investors look to fund projects such as railways that will link up the region.

Kenya's President Uhuru Kenyatta, Tony O. Elumelu and Emmanuel Hategeka, Rwanda's Permanent Secretary of the Ministry of Trade and Industry, at the launch of the East African Exchange in Kigali

East African Exchange (EAX): Regional Commodity Exchange Officially Launches

A new commodities exchange that launched late last week in Kigali, Rwanda, aims to use state-of-the-art technology to provide East Africa’s small-scale farmers access to agricultural and financial markets.

Africa has the world's fastest growth in high net worth individuals (HNWIs)

Africa is the fastest growth region for private banking globally: New World Wealth

The private banking unit of South Africa-based Investec holds Africa’s largest portfolio of assets under management with USD 23.7 billion, reflecting increased demand for services from the affluent segment of the continent’s population.